closing costs

1. fees charged to a purchaser by a bank, lawyer, etc. for services related to a sale, as title search, appraisal, etc.
2. any expenses over the purchase price of a house, land, etc., that is paid by the purchaser or seller at the completion of the sale.

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Universalium. 2010.

Look at other dictionaries:

  • closing costs — n. Expenses that must be paid on closing, including fees for title searches and title insurance, deeds, appraisals, credit reports, and escrow. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell …   Law dictionary

  • Closing costs — Real property in most jurisdictions is conveyed from the seller to the buyer through a real estate contract. The point in time at which the contract is actually executed and the title to the property is conveyed to the buyer is known as the… …   Wikipedia

  • Closing Costs — The expenses, over and above the price of the property that buyers and sellers normally incur to complete a real estate transaction. Costs incurred include loan origination fees, discount points, appraisal fees, title searches, title insurance,… …   Investment dictionary

  • closing costs — Expenses which must be paid in addition to the purchase price on the sale of real estate. Closing costs with respect to a debt secured by an interest in land include: (a) fees or premiums for title examination, title insurance, or similar… …   Black's law dictionary

  • closing costs — clos′ing costs n. pl. bus various charges, as for title search paid by the buyer or seller of real property when the sale is executed …   From formal English to slang

  • closing costs — / kləυzɪŋ kɒsts/ plural noun US the costs involved in finalising a deal, especially a mortgage or other bank loan …   Dictionary of banking and finance

  • closing costs — All the expenses involved in transferring ownership of real estate. Bloomberg Financial Dictionary …   Financial and business terms

  • closing costs —  The variety of ancillary expenses involved in purchasing real estate …   American business jargon

  • closing costs — noun plural : expenses (as for appraisal, title search, and title insurance) connected with the purchase of real estate that usually constitute a charge against the purchaser additional to the cost of the property purchased * * * Real Estate. 1.… …   Useful english dictionary

  • nonrecurring closing costs — Those costs of closing a home purchase that need to be paid only once such as the appraisal fee, title insurance, and transfer taxes. (Compare with recurring closing costs) Category: Real Estate & Rental Property Nolo’s Plain English Law… …   Law dictionary

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